Nonprofits and other cultural institutions in New York that have endowments – a bit of a rarity on Long Island except for the largest universities – will now have to go about accessing the money within the funds differently. An ...

Isn’t it ironic? Only a few years ago, U.S. Sen. Chuck Grassley, R-Ohio, complained about universities hoarding money and suggested that endowments be taxed. Now, we read about the loss in value of the large endowments at Harvard, Yale, Princeton, ...

Universities across the nation are far less well endowed than a year ago, thanks to stock market losses that removed millions of dollars from most colleges’ coveted coffers. But many Long Island schools remain financially robust despite losses in endowment ...